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Crypto boom strains Kazakh energy grid [Video]

Kazakhstan is struggling to meet the energy needs of its booming crypto mining industry.The Central Asian country is now the world’s second-biggest bitcoin mining location after the United States, according to experts.Miners have moved en masse into the country, due to its low energy prices, and after China recently banned all crypto transactions and mining.That’s presented a dilemma for local authorities.The government is trying to decide how to tax and regulate the largely underground and foreign-owned industry.The power used by miners has forced Kazakhstan to import energy and ration domestic supplies.Renat Malikov is a director of local mining company BTC KZ.”Since the beginning of October, we having been facing restrictions. There are periods when the electricity is turned off. There are days when we are provided with only 20% of total capacity to meet our primary needs.”Some see crypto as a way to make a quick fortune.But many governments are concerned privately run and highly volatile digital currencies could undermine their control of monetary systems.They believe it could also hurt investors and promote financial crime.With most Kazakh mining firms powered by aging coal plants, the business is also seen by many as contrary to global environmental goals.Unregistered operators are thought to consume even more electricity than recognised firms: “Due to the emergence of many ‘grey’ miners, companies which mine illegally, there is an electricity deficit in Kazakhstan. Because of the deficit, the government has to limit consumers. And mining companies that work legally, ‘white’ miners, are the first to fall under the restrictions. Our company is on the list.”Even so, as long as Kazakhstan’s energy prices remain capped at artificially low levels, the miners probably aren’t going anywhere.

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Changing our Rivian Order! [Video]

Get your greens today! Go to https://athleticgreens.com/bensullins to get started on your first purchase and receive a FREE 1-year supply of Vitamin D and 5 travel packs. Today Jennie and I sit down and decided to change our Rivian order. Were we wrong about Cybertruck? Did we go with the Ford? Watch to find out more…Subscribe for more and make sure to share this with someone you know!// More about Athletic GreensAG1 by Athletic Greens is a comprehensive, all-in-one greens powder engineered to fill the nutritional gaps in your diet and support your body’s nutritional needs across four pillars of health: Gut health, Immune support, Energy and Recovery! It’s packed with 75 vitamins, minerals, whole-food sourced ingredients and combines the perfect amount of micro-nutrients, absorption and taste to jump start your daily routine. AG1 is available in the US, Canada, UK and Europe.// Ethics DisclaimerCurious if I was paid by an automaker for this video? Go here https://bensullins.com/ethics/// Check out my favorite app for tracking your Tesla’s performance, finding the best superchargers, and connecting with other Tesla Owners at https://tezlab.app/bensullins// What I Recommend For Your TeslaModel Y Accessories – https://kit.co/BenSullins/tesla-model-y-accessoriesModel 3 Essentials – https://kit.co/BenSullins/tesla-model-3-essentials// Partners I RecommendTuro Car Rental – https://teslanomics.co/turoHotel Tonight ($25 off) – https://teslanomics.co/hoteltonightTrueBill (financial health app) – https://teslanomics.co/truebillRakuten (Cash back for online shopping) – https://teslanomics.co/rakutenTesla Accessories – https://teslanomics.co/kitEnergy Sage Solar Calculator – https://www.energysage.com/solar/calculator/?rc=p-bensullinsWashMist (waterless washing) – https://teslanomics.co/washmist// Ways to Stay ConnectedYT Member – https://www.youtube.com/channel/UCbEbf0-PoSuHD0TgMbxomDg/joinYT Subscription – https://www.youtube.com/channel/UCbEbf0-PoSuHD0TgMbxomDg?sub_confirmation=1Patreon – https://bensullins.com/patreonEmail List – https://bensullins.com/join// Music by Epidemic Sound// DisclaimerI may earn a small commission for my endorsement, recommendation, testimonial, and/or link to any products or services linked above. Your purchase helps support my work in bringing you the data and analytics behind the world.